CWEB vs. ^HSI
Compare and contrast key facts about Direxion Daily CSI China Internet Index Bull 2x Shares (CWEB) and Hang Seng Index (^HSI).
CWEB is a passively managed fund by Direxion that tracks the performance of the CSI China Overseas Internet Index (200%). It was launched on Nov 2, 2016.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: CWEB or ^HSI.
Key characteristics
| CWEB | ^HSI | |
|---|---|---|
| YTD Return | 16.58% | 16.23% |
| 1Y Return | 19.20% | 15.17% |
| 3Y Return (Ann) | -44.23% | -8.06% |
| 5Y Return (Ann) | -31.07% | -5.84% |
| Sharpe Ratio | 0.26 | 0.58 |
| Sortino Ratio | 0.96 | 0.99 |
| Omega Ratio | 1.11 | 1.12 |
| Calmar Ratio | 0.20 | 0.27 |
| Martin Ratio | 0.80 | 1.65 |
| Ulcer Index | 24.66% | 9.10% |
| Daily Std Dev | 76.16% | 25.93% |
| Max Drawdown | -98.09% | -91.54% |
| Current Drawdown | -96.33% | -40.24% |
Correlation
The correlation between CWEB and ^HSI is 0.45, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
CWEB vs. ^HSI - Performance Comparison
The year-to-date returns for both stocks are quite close, with CWEB having a 16.58% return and ^HSI slightly lower at 16.23%. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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Risk-Adjusted Performance
CWEB vs. ^HSI - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Direxion Daily CSI China Internet Index Bull 2x Shares (CWEB) and Hang Seng Index (^HSI). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Drawdowns
CWEB vs. ^HSI - Drawdown Comparison
The maximum CWEB drawdown since its inception was -98.09%, which is greater than ^HSI's maximum drawdown of -91.54%. Use the drawdown chart below to compare losses from any high point for CWEB and ^HSI. For additional features, visit the drawdowns tool.
Volatility
CWEB vs. ^HSI - Volatility Comparison
Direxion Daily CSI China Internet Index Bull 2x Shares (CWEB) has a higher volatility of 27.47% compared to Hang Seng Index (^HSI) at 8.19%. This indicates that CWEB's price experiences larger fluctuations and is considered to be riskier than ^HSI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.